Epic Gas acquires LPG carrier pair

Singapore’s Epic Gas is expanding its gas carrier fleet, having entered into a letter of intent to purchase secondhand LPG carriers.

The Charles Maltby led company anticipates financing the acquisition with a combination of equity and debt, which will see a share capital increase of between $50-60m.

The deal is still subject to board approvals on both sides, financing and the execution of definitive documentation.

Epic Gas currently owns and operates a fleet of 39 fully pressurised gas carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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